Connected Gym Equipment Market Size, Share, Growth Analysis, By Type(Cardiovascular training equipment, strength training equipment), By End User(Residential, gym/health clubs) - Industry Forecast 2024-2031

Connected Gym Equipment Market size was valued at USD 557.71 million in 2021 and is poised to grow from USD 734.5 million in 2022 to USD 6647.80 million by 2030, at a CAGR of 31.7% during the forecast period (2023-2030).

The global connected gym equipment market is experiencing significant growth due to a combination of factors. These factors include growing health concerns among both youth and adults, the widespread adoption of smartphones, the rise in obesity rates, and the increasing number of gyms and health clubs across the world.

One of the primary drivers of the market is the rising awareness about health and fitness among individuals of all age groups. As health concerns continue to take center stage, more people are seeking convenient ways to monitor and improve their fitness levels. The integration of technology into gym equipment allows users to track their workouts, set goals, and measure their progress, making the fitness journey more engaging and motivating.

The proliferation of smartphones has played a crucial role in the growth of the connected gym equipment market. With smartphones becoming an integral part of daily life, the fitness industry has leveraged this trend by developing applications and platforms that sync with connected gym equipment. This integration enables users to access personalized workout plans, track their exercise routines, and receive real-time feedback on their performance, all through their smartphones. Obesity rates have been on the rise globally, prompting individuals to seek effective ways to manage their weight and overall health.

Connected gym equipment offers features such as customized workout routines and real-time health data, making it an attractive solution for those looking to address obesity-related concerns. The expansion of gym facilities and health clubs, particularly in urban areas, has also contributed to the growth of the connected gym equipment market. As fitness centers aim to provide advanced and interactive workout experiences, they are investing in state-of-the-art equipment that offers connectivity and enhanced functionality. This trend is likely to continue as the demand for fitness services remains robust.

However, it's important to acknowledge the challenges faced by the connected gym equipment market. The high cost associated with smart gym equipment can hinder widespread adoption, especially in price-sensitive markets. Manufacturers and industry stakeholders are working on strategies to address this barrier, such as offering affordable subscription models or leasing options.

US Connected Gym Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.